Shares of Vecima Networks Inc. (TSE:VCM - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.02 and traded as high as C$21.09. Vecima Networks shares last traded at C$20.20, with a volume of 1,600 shares traded.
Vecima Networks Stock Performance
The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The firm has a market cap of C$470.64 million, a P/E ratio of 24.20 and a beta of 0.63. The company's 50 day moving average is C$20.70 and its 200 day moving average is C$21.01.
Vecima Networks (TSE:VCM - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The company reported C$0.34 EPS for the quarter, missing analysts' consensus estimates of C$0.47 by C($0.13). Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. The firm had revenue of C$87.48 million during the quarter, compared to the consensus estimate of C$92.93 million. As a group, equities analysts predict that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.
Vecima Networks Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, October 11th. Vecima Networks's payout ratio is 27.50%.
Insider Transactions at Vecima Networks
In other news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the firm's stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total transaction of C$41,160.00. Company insiders own 57.14% of the company's stock.
About Vecima Networks
(
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Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.
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